Japan Stocks: Acom, Asahi Glass, Elpida, Sumitomo, Toyota

By Norie Kuboyama -
Dec 1, 2010

Japan’s Nikkei 225 Stock Average rose
51.01, or 0.5 percent, to 9,988.05 as of the close in Tokyo. The
following were among the most active shares in the Japanese
market today. Stock symbols are in parentheses after company
names.

E-Guardian Inc. (6050 JT), a provider of Internet-
monitoring services, rose to 2,700 yen from its initial offering
price of 1,300 yen. The company started trading on the Tokyo
Stock Exchange’s Mothers market.

Rakuten Inc. (4755 JQ), an online shopping provider, gained
3.9 percent to 66,600 yen. All Nippon Airways Co. (9202 JT),
Asia’s largest listed carrier by sales, and Rakuten expanded
their travel business alliance to include international services.
The companies will let travelers select hotels and flights in
package tours and the international service begins today, the
companies said in a statement. All Nippon rose 0.3 percent to
297 yen.

Sumitomo Corp. (8053 JT), a trading house, rallied 3.7
percent to 1,132 yen. The company has agreed to acquire a 29
percent stake in drugmaker C&O Pharmaceutical Technology
Holdings Ltd. (COPT SP) for about S$96.2 million, according to a
statement to the Singapore exchange.

Toyohira Steel Corp. (5450 JS), a steel products maker,
surged 31 percent to 184 yen, the steepest rise since November
2000. JFE Holdings Inc. (5411 JT), Japan’s second-largest
steelmaker, will pay 0.071 of a share for each share of Toyohira
Steel to make the unit wholly owned, Toyohira said in a release.
JFE slid 0.5 percent to 2,647 yen.

Toyota Tsusho Corp. (8015 JT), a trading company, rose 2
percent to 1,386 yen. The company won Taiwan’s government
approval to invest NT$1.75 billion in Greencol Taiwan Corp., a
chemical venture, the island’s Ministry of Economic Affairs said
in a statement on its website.